US economy grew much faster than expected in 2nd quarter
==========

The U.S. economy grew at a 2.8% annualized rate over three months ending in June, doubling the rate of growth from the previous quarter. The data could complicate the path toward an expected interest rate cut from the Federal Reserve in September. Inflation has slowed, but remains higher than the Fed's target rate. If the Fed cuts interest rates while the economy is heating up, it risks rekindling rapid price increases. The chances of an interest rate cut in September stand at more than 80% according to market sentiment.

#UsEconomy #GdpGrowth #FederalReserve #Inflation #InterestRates

https://abcnews.go.com/Business/us-economy-grew-faster-expected-2nd-quarter/story?id=112263048